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During the meeting, the parties discussed the development of bilateral Russian-Turkish relations in the field of economy, energy, trade, industry, transport, agriculture, tourism, as well as in other sectors.

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The 17th Joint Meeting of the Mixed Intergovernmental Russian-Turkish Commission on Trade and Economic Cooperation was held

Deputy Prime Minister of the Russian Federation Alexander Novak and Minister of Trade of the Republic of Turkey Mehmet Mush held the 17th meeting of the Mixed Intergovernmental Russian-Turkish Commission on Trade and Economic Cooperation.

Despite a number of restrictions associated with the coronavirus pandemic, the political dialogue between the two countries traditionally retains its intense character, Alexander Novak emphasized during the meeting. Against this background, cooperation between countries in the field of pharmaceuticals continues to develop.

“Since the beginning of the pandemic, Russia and Turkey have been actively cooperating in the fight against coronavirus. The Russian Direct Investment Fund continues to work on the organization of supplies to Turkey and the production on its territory of the world’s first registered vaccine against coronavirus Sputnik V. Turkish pharmaceutical companies have already prepared for the localization of production and are planning to start production of Sputnik V within the next few months at several enterprises, ”the Deputy Prime Minister said.

Against the background of the recovery in economic activity of the countries, Russian-Turkish trade turnover is gradually growing after a decline in 2020 by 19.5%, Alexander Novak said. In January-June, it grew by 40.4% compared to the same period last year, he added. “We continue to develop cooperation, taking into account the instructions given by the presidents of the countries to increase the trade turnover to 100 billion US dollars a year. I am confident that this year we will be able to maintain and increase the positive dynamics and reach a turnover of about USD 20 billion in 2021. For this, it is necessary to jointly focus on creating favorable conditions for increasing the volume of Russian-Turkish trade, as well as on the implementation of existing and launching new projects, ”the Deputy Prime Minister expressed confidence.

The energy sector remains the most dynamic area of ​​cooperation between Russia and Turkey. “The project for the construction of the Turkish Stream gas pipeline is being successfully implemented, the implementation of the agreement on the transit of natural gas through the territory of Turkey continues. The continuation of the construction of the Akkuyu nuclear power plant remains important. The potential in the field of energy is far from being exhausted, ”stressed the Deputy Prime Minister. The Republic of Turkey, like the Russian Federation, traditionally takes an active part in the activities of the World Energy Council, the jubilee, 25th World Energy Congress of which is scheduled to be held in October 2022 in St. Petersburg, recalled Alexander Novak.

At the same time, the systematic development of relations continues along the lines of industry, in particular, aircraft and shipbuilding, information and communication technologies. “Such large Russian investors as the Magnitogorsk Iron and Steel Works, the GAZ group, in the field of power engineering – PJSC Power Machines and JSC UEC, which are involved in the implementation of projects for the construction and modernization of energy facilities in Turkey, are successfully operating in Turkey. … Turkish industrial companies, in turn, have positive experience of working in Russia, primarily in special economic zones, ”said Alexander Novak.

In addition, Turkey remains one of the largest trading partners of Russia in the field of agriculture: in January-June 2021, the turnover of agricultural products increased by 21% compared to the same period in 2020 – up to USD 2.7 billion. Against the background of the restoration of cooperation between countries, sports cooperation and cultural dialogue between countries are also developing, including thanks to the growth of tourism. “Turkey is the most popular foreign destination for Russian tourists: before the pandemic, in 2019, the number of tourist trips of Russian citizens to the country reached almost 7 million. milestone “, – added the Deputy Prime Minister.

Following the meeting of the intergovernmental commission, the parties signed a protocol.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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